You've found the right home, but your current property hasn't sold yet. That timing gap is one of the most stressful parts of upsizing in Logan, QLD, and it's exactly the problem bridging finance is designed to solve.

Bridging finance is a short-term loan that covers the gap when you buy your next home before your current one sells. It lets you use your existing equity as security, moving forward without waiting for settlement or losing the property to another buyer. Whether you're moving within Springwood- Beenleigh or upsizing from Loganholme, the right lender structure can eliminate the timing pressure that derails so many property moves.

Cube Loans helps Logan, QLD homeowners work through their bridging loan options across 60+ lenders, completely free of charge.

Here's what you need to know about bridging finance before approaching a lender.

Why do Logan homeowners need bridging loans?

Your equity position in Logan, QLD creates opportunities that standard home loans can't match. If you own a property that has increased in value, and most Logan suburbs have seen solid growth over the past 12 months, you likely have enough equity to secure your next purchase without waiting for settlement.

The alternative is selling first, then buying. That means moving twice, storing your belongings, and risking missing out on the right property because you don't have unconditional finance. Bridging finance flips that sequence around.

How does a bridging loan work for Logan, QLD homeowners?

A bridging loan lets you buy your next property before your current one sells, by temporarily combining both debts into a single next home loan. You make interest-only repayments during the bridging period, typically up to 12 months, and the loan reduces once your existing property settles.

Your exact structure depends on your equity, timeline, and which lender you use, which is what we work through with you in a free consultation.

What concessions and schemes apply to bridging loans?

Bridging loans are for existing homeowners moving to their next property, so most first-home schemes don't apply. A few other concessions and schemes are worth knowing about:

• › No first home buyer grants: FHOG and the First Home Guarantee are not available to existing homeowners using bridging finance.
• › Transfer duty relief: if you're downsizing and over 65, you may qualify for transfer duty concessions on your next purchase.
• › DHOAS for Defence members: ADF members can use DHOAS subsidies alongside their bridging loan, though the subsidy applies to the ongoing loan once the bridge period ends.
• › Downsizer super contributions: if you're 55 or older and have owned your current home for 10 or more years, you can contribute up to $300,000 per person ($600,000 per couple) to super from the sale proceeds.

How do mortgage brokers help Logan, QLD homeowners get bridging finance approved?

Step 1: Talk to us

We start by assessing whether bridging finance suits your situation and what options are available across our 60+ lender panel.

Step 2: Get your current property valued

We arrange valuations on both your existing property and the one you're buying. This determines your available equity and maximum borrowing capacity.

Step 3: Structure the loan correctly

We compare bridging loan structures across lenders. Some offer split facilities, others use offset accounts to minimise interest during the bridge period.

Step 4: Submit your application

We prepare and lodge your bridging loan application with the lender who offers the strongest terms for your situation.

Step 5: Coordinate settlements

We work with your solicitor to ensure both the purchase and sale settlements are coordinated properly, so you avoid any gaps in finance.

Step 6: Convert to your ongoing loan

Once your existing property settles, we convert your bridging facility to a standard ongoing home loan at competitive rates.

What mistakes do Logan homeowners make with bridging loans?

The biggest mistake is assuming all bridging loans work the same way. These are the errors that cost Logan homeowners the most:

• › Ignoring interest calculation differences: some lenders charge interest on the full bridged amount from day one; others only charge on funds actually drawn down. That difference can cost thousands over the bridge period.
• › Underestimating the sale timeline: if your existing property takes longer to sell than expected, you need a lender whose bridge period can be extended without penalty. Not all lenders offer this flexibility.
• › Choosing the wrong lender upfront: lender selection matters from the outset because exit options, extension policies and rate structures vary dramatically across the market.

How much does bridging finance cost in Logan, QLD?

Bridging loan rates typically sit 0.50% to 1.00% above standard variable rates. With competitive variable rates from approximately 5.70% p.a., that puts bridging rates roughly in the 6.20% to 6.70% p.a. range.

You'll also pay establishment fees, valuation costs for both properties, and legal fees. The total cost depends on how long the bridge period runs and which lender structure you choose.

Most Logan homeowners find the certainty worth the cost, especially in suburbs like Marsden, where good properties move quickly. Missing out on the right property often costs more than 6 to 12 months of bridging interest, particularly when prices are rising.

When is bridging finance NOT the right move?

Bridging finance suits most simultaneous buy-sell situations, but there are cases where it is the wrong tool. Understanding those scenarios upfront saves you from an expensive structure that doesn't fit.

Consider alternatives if any of these apply to you:

• › Low equity in your current property: most lenders require at least 20% equity after accounting for both debts. If your current home is heavily mortgaged, bridging may not be accessible without a significant shortfall payment.
• › Your current property is difficult to sell: if the market is slow or your property has limited buyer appeal, a bridge period can run to its limit with the sale still incomplete. Some lenders require a confirmed sale before approving the bridge.
• › The end debt is too large to service: lenders assess whether you can service the ongoing loan after the bridge closes. If the purchase price is substantially above what you can sustain on your income, the application may not pass serviceability.
• › Simultaneous settlement is possible: if the timing can be aligned so both transactions settle on the same day, a bridging loan adds cost and complexity that a standard new purchase loan avoids entirely.

Frequently Asked Questions

How much equity do I need for a bridging loan in Logan, QLD?

Most lenders require at least 20% equity in your current property after accounting for both loans. If your current home is worth $800,000 with a $400,000 mortgage, you have $400,000 of equity to work with for your next purchase.

Can self-employed borrowers get a bridging loan?

Yes, self-employed borrowers can access bridging loans with the same documentation as a standard home loan. You'll need two years of tax returns and recent BAS statements to verify your income.

How long can I keep a bridging loan?

Most lenders offer bridge periods of up to 12 months, with some extending further. Your exact timeline depends on your sale strategy and the lender you choose.

What happens if my property doesn't sell during the bridge period?

Some lenders offer extension options; others require you to convert to a standard investment loan on your existing property. This is why choosing the right lender structure upfront matters significantly.

Do I pay interest on the full bridging loan amount immediately?

This varies by lender. Some charge interest on funds as they're drawn down; others charge on the full approved limit. The difference can be thousands of dollars over the bridge period.

Should I use a mortgage broker or go direct to my bank for bridging finance?

A mortgage broker, every time. Bridging loan terms vary dramatically between lenders, and most banks only offer their own product. A broker comparison shows you which lender structure saves the most money for your specific timeline and equity position.

Can I use bridging finance to buy an investment property in Logan, QLD?

Yes, bridging loans work for both owner-occupier and investment purchases. The structure and rates may differ slightly depending on how you'll use the new property.

Your Next Steps

Bridging finance is one of the more complex loan structures in the market, and the lender you choose shapes your interest costs, bridge period flexibility, and exit options. Getting that match right matters far more than finding a marginally lower rate.

The right lender for bridging finance depends on your situation, and that's a conversation worth having. Talk to the Cube Loans team or call 1800 774 756, and we'll compare your options across 60+ lenders at no cost to you.

About the author Nevada Matthews Mortgage Broker and Co-Owner, Cube Loans Nevada Matthews is a mortgage broker and co-owner of Cube Loans, helping first home buyers, investors and business owners across Loganholme and the wider Logan region finance their goals. He started broking in 2019, joined Cube in 2020, and was named New Broker of the Year (QLD) in 2023. Operating under Cube Central Pty Ltd (Credit Representative 472851), authorised under Australian Credit Licence 517192, Nevada compares loans across a panel of 60+ lenders at no cost to the borrower. Meet Nevada → LinkedIn

Cube Loans · Loganholme and Logan, QLD · General information only - this article does not constitute financial advice. Please consider your own circumstances and seek professional advice before making any financial decisions. · Last updated 9 August 2026